Top 100 Most Expensive Zip Codes in US by Forbes in 2013-Rank no.17-93108, Montecito, CA

Rank no.17 – 93108, Montecito, CA

Estimated zip code population in 2011: 11,735
Zip code population in 2010: 11,112
Zip code population in 2000: 12,737

Montecito is an affluent unincorporated census-designated place in Santa Barbara County, California.

As a census-designated place, Montecito had a population of 8,965 in 2010. A number of celebrities including Oprah Winfrey, Rob Lowe, Ellen DeGeneres, Drew Barrymore and Eric Schmidt own Montecito homes.

According to the Montecito Community Plan, Montecito is bounded on the north by East Camino Cielo Road; on the east by Ortega Ridge Road and Ladera Lane; on the South by the Pacific Ocean. Montecito does not include areas such as Coast Village Road, which while usually considered part of Montecito, are actually within the city limits of Santa Barbara, located directly to the west. Montecito occupies the eastern portion of the coastal plain south of the Santa Ynez Mountains. Parts of the town are built on the lower foothills of the range. Notable roads spanning Montecito include East Valley Road, Mountain Drive, and Sycamore Canyon Road, all of which form part of State Route 192. In addition, theU.S. 101 freeway runs along the south end of town, connecting it with other cities in Santa Barbara County and the rest of Southern California.

Montecito has 3,010 single-family dwellings. The community is consistently ranked by Forbesmagazine as one of the wealthiest communities in the United States.

Houses and condos: 5,397
Renter-occupied apartments: 1,166
% of renters here: 27%
State: 45%

Mar. 2012 cost of living index in zip code 93108: 114.9 (more than average, U.S. average is 100)

Land area: 21.2 sq. mi.
Water area: 0.1 sq. mi.
Population density: 554 people per square mile

(low).

Real estate property taxes paid for housing units in 2011:
This zip code: 0.9% ($8,572)
California: 0.8% ($2,907)

Median real estate property taxes paid for housing units with mortgages in 2011: $9,545 (1.0%)
Median real estate property taxes paid for housing units with no mortgage in 2011: $6,017 (0.6%)

Zip code 93108 compared to state average:

• Median household income above state average.
• Median house value significantly above state average.
• Black race population percentage significantly below state average.
• Hispanic race population percentage significantly below state average.
• Median age significantly above state average.
• Foreign-born population percentage significantly below state average.
• Renting percentage below state average.
• Number of rooms per house above state average.
• Percentage of population with a bachelor’s degree or higher above state average.

Urban population: 11,412
Rural population: 322

Estimated median house/condo value in 2011: $1,000,001
93108: $1,000,001
California: $355,600

Estimated median household income in 2011:
This zip code:
$110,519
California:
$57,287

Housing units in zip code 93108 with a mortgage: 2,005 (75 second mortgage, 606 home equity loan)
Houses without a mortgage: 1,227

Median monthly owner costs for units with a mortgage: $4,001
Median monthly owner costs for units without a mortgage: $1,001

Residents with income below the poverty level in 2011:
This zip code: 8.4%
Whole state: 16.6%

Residents with income below 50% of the poverty level in 2011:
This zip code: 3.8%
Whole state: 9.4%

Median number of rooms in houses and condos:
Here: 7.1
State: 6.0

Median number of rooms in apartments:
Here: 4.6
State: 4.0

Notable locations in zip code 93108:
Hot Springs Club
Birnam Wood Golf Club
Valley Club
La Casa de Maria Conference and Retreat Center
Montecito Branch Santa Barbara Public Library
Montecito Fire Protection District Station 2
Montecito Fire Protection District Station 1

Shopping Centers: Plaza del Sol Shopping Center
Montecito Village Shopping Center
Coast Village Shopping Center

Churches in zip code 93108 include:
Montecito Covenant Church
All Saints by the Sea Episcopal Church
El Montecito Presbyterian Church
Our Lady of Mount Carmel Church

Cemetery: Santa Barbara Cemetery

Reservoirs: Buell Reservoir
Park Lane Reservoir
Romero Reservoir
Ortega Reservoir

Creeks: San Ysidro Creek
Oak Creek
Garrapata Creek
Romero Creek
Hot Springs Creek
Montecito Creek
Picay Creek

Parks in zip code 93108 include:
Gould Park
Hale Park
Parma Park
Manning Park

Estimate of home value of owner-occupied houses/condos in 2011 in zip code 93108:
$60,000 to $69,999: 8
$70,000 to $79,999: 15
$80,000 to $89,999: 8
$100,000 to $124,999: 8
$125,000 to $149,999: 7
$150,000 to $174,999: 61
$200,000 to $249,999: 21
$250,000 to $299,999: 32
$300,000 to $399,999: 67
$400,000 to $499,999: 46
$500,000 to $749,999: 155
$750,000 to $999,999: 80
$1,000,000 or more: 2,724

93108 rent paid by renters

Rent paid by renters in 2011 in zip code 93108:
Less than $100: 14
$200 to $249: 14
$300 to $349: 14
$400 to $449: 8
$500 to $549: 26
$800 to $899: 71
$900 to $999: 45
$1,000 to $1,249: 52
$1,250 to $1,499: 26
$1,500 to $1,999: 263
$2,000 or more: 456
No cash rent: 177
Median gross rent in 2011: $2,001.

Median price asked for vacant for-sale houses and condos in 2011: $1,250,000.
Estimated median house (or condo) value in 2011 for:
White Non-Hispanic householders: $1,000,001
Black or African American householders: $625,000
Asian householders: $693,200
Native Hawaiian and other Pacific Islander householders: $625,000
Some other race householders: $875,000
Two or more races householders: $1,000,001
Hispanic or Latino householders: $1,000,001

Estimated median house or condo value in 2011: $1,000,001
93108: $1,000,001
California: $355,600
Lower value quartile – upper value quartile: $1,000,001 – $1,000,001
Mean price in 2011:
Detached houses: $1,267,429
Here: $1,267,429
State: $485,464

Races in zip code 93108:

White population: 9,752
Black population: 53
American Indian population: 38
Asian population: 282
Native Hawaiian and Other Pacific Islander population: 6
Some other race population: 24
Two or more races population: 189
Hispanic or Latino population: 768

Featured Expensive Homes

93108, Montecito, CA

Villa Saladino
List Price: $24.5 Million
Listed With: Coldwell Banker Previews Estates
Median Home Price for Zip Code: $3,099,348

Designer John Saladino’s 13 acre estate has a restored main house with separate staff apartments, a stone motor court with antique Venetian statuary, and grounds that include an agave garden and olive grove.
Source: Coldwell Banker Previews Estates

93108, Montecito, CA

Zip Code Rank: #19 
Home: 1889 Eucalyptus Hill Road 
List Price: $975,000 
Listed With: Village Properties